Hudson Technologies (HDSN) Tops Q1 EPS by 1c, Revenues Miss

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Hudson Technologies Reports First Quarter 2023 Results

May 3, 2023 4:05 PM EDT

WOODCLIFF LAKE, N.J., May 03, 2023 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the first quarter ended March 31, 2023.

For the quarter ended March 31, 2023, Hudson reported revenues of $77.2 million, a decrease of 8% compared to revenues of $84.3 million in the first quarter of 2022. The decrease is primarily related to decreased selling prices for certain refrigerants during the period as well as lower sales volume in the quarter as compared to the first quarter of 2022. Gross margin in the first quarter of 2023 was 39%, compared to 54% in the first quarter... More